AvalonBay Communities (AVB) Hits New Lifetime High

Trade-Ideas LLC identified AvalonBay Communities (AVB) as a new lifetime high candidate

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Trade-Ideas LLC identified AvalonBay Communities ( AVB) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified AvalonBay Communities as such a stock due to the following factors:

AVB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $99.9 million.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. The stock currently has a dividend yield of 3.1%. AVB has a PE ratio of 57.8. Currently there are 9 analysts that rate AvalonBay Communities a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for AvalonBay Communities has been 703,900 shares per day over the past 30 days. AvalonBay has a market cap of $19.4 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.77 and a short float of 2.8% with 4.42 days to cover. Shares are up 27.3% year-to-date as of the close of trading on Monday.